Subscribe to this blog

Follow by Email

Search This Blog

Investments Worth Considering For Your Retirement Funds

Investments Worth Considering For Your Retirement Funds.

Retirement can be a period of our lives we don’t think about too much. Especially while we are in our twenties and thirties. It’s just not something we want to consider, the whole growing old thing. It can be a chapter of our lives that can seem far away. Sometimes priorities in our lives take over. But before we know it we will be hitting the age where we retire from work and then what? What do we do then? How do we cope and live? This is why it is essential to think about retirement as soon as you can. The earlier you begin to plan for your future the brighter it will be. Both in experience and financially.

Finances, in particular, can be a worrying subject for us all. Some of us may even be struggling to make ends meet now yet alone be thinking about money away for savings and our future. I can understand that. Living in the present is important and getting by month to month is just what we have to do to survive. But with careful planning and consideration anyone can make some plans for the future. It will be worth it to you in the long run. So I thought I would share with you some worthy investments to consider. Some are for thinking about now, some are for a few years time. But all of them can make your retirement a much brighter period of life. Besides, why shouldn't you enjoy that stage?

If you own your property right now, then you have already made a good decision for your future. Owning at least one property ensures that you have some form of investment to consider in the future. This is where equity release can come in when it comes to your retirement. For those of you that are unfamiliar with the term, equity release means releasing equity from your property. So If your property has a loan but is worth more than that, then the difference is your equity and your profit.

This money is yours to what you will. Some people would leave the equity in the property as part of the estate to be left when they pass away. However, others may want to use that money to live or experience life in their retirement. Funds could go towards traveling with your loved ones or experiencing new things with your family. Creating lasting memories. Or, if you haven't considered any other funding for your retirement, this lump sum could just be what you need to survive the rest of your years.

The first thing to do is to invest in a property as soon as possible. Once you have done that you have at least one investment that will pay off in the future.

Property is a great investment, we have already discussed that. So why stop at one property when you know it can be quite a lucrative profit earner. This means you could potentially buy and sell property over the years. One great way to do this is to buy a property that needs work, and then sell on once it is saleable. Or you could build a portfolio and rent out properties to other people.

It’s worth speaking to your bank as you will need some good financial backing. But in the future, this could be the only nest egg you need to have a great retirement.

Investing in pension schemes in work or personally

Pensions are another great source of income for your retirement. You may be lucky enough to receive a workplace pension from your employer. Sometimes these can be quite lucrative and beneficial to you. However, it is also worth considering a personal pension as these can be much more profitable to you in the future.

There are many options to consider, so it’s worth speak to someone who is an expert in pensions. You might find you only need to contribute a small amount, but something is better than nothing in these cases.

Sometimes funds can be spent if you have easy access to them. We are only human after all. So something worth your consideration would be to have the funds turned into precious metals like gold. A gold bullion investment could work out well for you as the value of metals doesn’t tend to depreciate as some things can.

Once you need the funds just cash in the gold bars and you will have your cash. You may even find you make money as not only does the value not depreciate as much but it can increase over time.

Taking a risk with stocks and shares

Stocks and shares can be a big money earner. But they can also be risky. The beauty of these is that the investment is flexible. So if you find that your stocks and shares are rising you could sell them and cash in on the profit quickly. But you may also lose, so sometimes it’s worth hanging on in there.

Stocks and shares can be a great investment, but you need to be clever with your choices. So it’s worth getting advice from professionals who can offer some great advice. It may also be worth investing money that you don’t mind losing. Smaller amounts at a time may be better. This is because the market can change overnight, you may have money one day, and then that company goes bust the next day, and you lose it all. It’s a risk, but it can be a profitable one that is for sure.

Finally, the last investment to consider would be good old-fashioned high interest savings accounts. You can still get some good deals if you hunt them out. Often these won’t be instant access, so you have to be happy to lock your money away for a period. But it can be a nice pay off by taking the interest rate to the end of it’s term. It can be considered one of the safest ways to invest your money, but it won’t necessarily offer you the highest return.

I hope this has made you think about your retirement funds.

Get link

Facebook

Twitter

Pinterest

Google+

Email

Other Apps

Labels

Comments

Post a Comment

Popular Posts

Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. It is categorized under Indirect Tax and came into existence under the Finance Act, 1994. Union Finance Minister, Arun Jaitley, in his budget announcements proposed to impose a cess, called the Krishi Kalyan Cess, @ 0.5% on all taxable services. The present rate of service tax will be hiked to 15 per cent from June 1, 2016, from 14.5 per cent. Take a look at what gets expensive:

Phone Bills: Your phone bills are going to go up. So, pay a good 15 per cent now on service tax on phone bills.

Restaurant Bills :If you are dining in a restaurant that already has service tax applicable, you are going to pay more on your eating out. Though 0.5 per cent on a single bill may not mean much, frequent diners may end-up paying a lot during the year.

Travelling: You will have to pay more for air travel, as there is a service tax on tour operators and travel agents.

Moneycontrol has introduced a new feature Moneycontrol Terminal - an enhanced version of real time price updates. Though there were live quotes provided by the website previously, the present form gives a better update of live quotes of indices and stocks.

This terminal provides live streaming quotes for both NSE and BSE free. It also provides quotes for most of the indices and also the constituents/stocks of the indices in BSE and NSE. The terminal also provides live news and other market news, which might be useful for traders. The hardware recommended is minimum of 1 GB RAM.

It would be better if stock of any choice could be added ( market watch of a set of stocks ), which would be easier to track one's trading positions. Anyway, this is a better alternative for people who don't have access to any trading software, to view live action of the markets.

Before we get into details of NSE Level 3 Data, it is important to first understand the basic operations of the stock market. All publicly traded equities have a bid price and an ask price when they are bought and sold. The bid is the highest price a trader( or an investor) is willing to purchase a stock. The ask is the lowest price in which he is willing to sell a stock.

Depth of the Market(DOM):Looking at a Level 1, Level 2 or Level 3 quotes can give a trader, a basic idea of how a stock is performing at any given time.

Level 2 Market Data provides more information than Level I data. Mainly, it doesn't just show the highest bid and offer, but also shows bids and offers at other prices. Now level 2 provides market depth data upto 5 best bid and ask prices.